ABC agreement

Definition:

A contract between an employee and a brokerage firm outlining the rights of the firm purchasing an NYSE membership for that employee.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Gross profit margin

Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold.

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